USDCAD ANALYSIS ON H4 CHART.
Overall, USD/CAD is ranging across. Recently, USD/CAD broke below the key level of 1.28.
The Canadian employment data released last Friday indicated a strong rebound in the jobs market from the previous month’s loss of jobs.
- Employment Change (Actual: 336.6K, Forecast: 132.0K, Previous: -200.1K)
- Unemployment Rate (Actual: 5.5%, Forecast: 6.2%, Previous: 6.5%)
USD/CAD’s next support zone is at 1.26100 and the next resistance zone is at 1.29200.
Look for short-term selling opportunities of USD/CAD.
The Canadian employment data released last Friday indicated a strong rebound in the jobs market from the previous month’s loss of jobs.
- Employment Change (Actual: 336.6K, Forecast: 132.0K, Previous: -200.1K)
- Unemployment Rate (Actual: 5.5%, Forecast: 6.2%, Previous: 6.5%)
USD/CAD’s next support zone is at 1.26100 and the next resistance zone is at 1.29200.
Look for short-term selling opportunities of USD/CAD.
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